The Wagner Daily – April 27, 2021
Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).
Subscribe now for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record.
Just drop us a comment with any questions or comments–we’d love to hear from you!
|quick jump to:today’s watchlistopen & closed positionsmarket commentary||resources:subscriber guideour trading strategyblog||handy links:|
Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&P 500 or Nasdaq Composite.
- Notrades triggered.
In last night’s report, we discussed the improved price and volume action in growth stocks late last week, which was followed by more strength on Monday, a positive sign.
No trades setups triggered on Monday, but there are several new setups on Tuesday’s watchlist.
Per intraday alert last Friday, we purchased a 5% position in $AMAT that was accidentally not listed in Monday’s open positions section. We plan to add to that position above $138.
$AMAT cleared the highs of the past few days and has formed a tight trading range above the 20-ema on the 15-minute chart.
Monday’s close in $CRWD was the first above $224 after three failed attempts. Volume picked up, so let’s see if there is any follow-through the rest of the week. We have a buy stop to add to our position over the two-day high with a stop below the rising 8-day EMA.
$CPE broke out from a base in February and rallied over 130% in under two months. Since then it has formed a tight trading range while allowing the 50-day MA to catch up.
We like the two reversal candles off the 50-day MA last week and Monday’s close above the 8 and 20-day EMAs on a pick-up in volume. We are looking to enter on slight weakness near $35.50.
The price action should hold the 50-day MA from here on out. Note that we have two stops.
We raised the stop in $IR to just below break-even for a very small loss due to the lack of a profit buffer heading into earnings after the close on 4/28.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- $SHLS – buy at 35.30 (downtrend line break)
- Waiting for a pause or pullback in: $CELH $FCX $SE $CVNA $NTLA
Start my Wagner Daily membership now to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. The Wagner Daily PRO includes live swing trader room for daily, real-time trade ideas and powerful stock trading education.